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how to computed this problem?Joe borrows $100,000 and agrees to repay the principal, plus 7% APR interest compounded monthly, at the end of three years.
how to computed this problem?Joe borrows $100,000 and agrees to repay the principal, plus 7% APR interest compounded monthly, at the end of three years. Joe has taken out an amortizing loan. Answer: FALSE
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Introduction to Finance Markets, Investments and Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
16th edition
1119398282, 978-1-119-3211, 1119321115, 978-1119398288
